ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2021
October 2021Third Quarterly Report 2021
Stock Code: 000596 200596 Stock Name: Gujing Distillery Gujing Distillery-B Announcement No. 2021-037
ANHUI GUJING DISTILLERY COMPANY LIMITED
THIRD QUARTERLY REPORT 2021
Anhui Gujing Distillery Company Limited (hereinafter referred to as the “Company”) and all
the members of the Company’s Board of Directors hereby guarantee that the contents of this
Report are true accurate and complete and free of any misrepresentations misleading
statements or material omissions.Important Notes:
1. The Board of Directors (or the “Board”) the Supervisory Committee as well as the directors supervisors and senior management
of the Company hereby guarantee that the contents of this Report are true accurate and complete and free of any misrepresentations
misleading statements or material omissions and collectively and individually accept legal responsibility for such contents.
2. The Company’s legal representative Chief Accountant and head of the financial department (equivalent to financial manager)
hereby guarantee that the financial statements carried in this Report are truthful accurate and complete.
3. Indicate by tick mark whether the financial statements in this Report have been audited by an independent auditor.
□Yes √ No
I Key Financial Information
(I) Key Accounting Data and Financial Indicators
Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes √ No
Q3 2021 YoY change (%) Q1-Q3 2021 YoY change (%)
Operating revenue
3094775914.8021.37%10102272382.5425.19%
(RMB)
Net profit attributable to
the listed company’s 590128559.28 15.09% 1968932387.74 28.05%
shareholders (RMB)
Net profit attributable to
the listed company’s
563373758.3314.24%1901659019.3226.69%
shareholders before
exceptional gains and
2Third Quarterly Report 2021
losses (RMB)
Net cash generated
from/used in operating —— —— 3952672262.13 53.21%
activities (RMB)
Basic earnings per share
1.118.82%3.8526.23%
(RMB/share)
Diluted earnings per
1.118.82%3.8526.23%
share (RMB/share)
Weighted average return
3.71%-2.02%15.53%-0.72%
on equity (%)
30 September 2021 31 December 2020 Change (%)
Total assets (RMB) 24897227812.30 15186625708.79 63.94%
Equity attributable to the
listed company’s 16211876406.67 10043288013.73 61.42%
shareholders (RMB)
(II) Exceptional Gains and Losses
√ Applicable □ Not applicable
Unit: RMB
Item Q3 2021 Q1-Q3 2021 Note
Gain or loss on disposal of non-current assets
-1690674.08-3808029.12
(inclusive of impairment allowance write-offs)
Government grants through profit or loss (exclusive
of government grants continuously given in the
Company’s ordinary course of business at fixed 5386305.08 40102575.54
quotas or amounts as per the government’s policies
and standards)
Gain or loss on fair-value changes on
held-for-trading financial assets and liabilities &
income from disposal of held-for-trading financial
assets and liabilities and available-for-sale financial 6193208.48 12663308.69
assets (exclusive of the effective portion of hedges
that arise in the Company’s ordinary course of
business)
Reversed portions of impairment allowances for
receivables which are tested individually for 0.00 1949809.53
impairment
Non-operating income and expense other than the
26348791.3751918228.07
above
3Third Quarterly Report 2021
Less: Income tax effects 8984856.63 25578238.03
Non-controlling interests effects (net of tax) 497973.27 9974286.26
Total 26754800.95 67273368.42 --
Other items that meet the definition of exceptional gain/loss:
□ Applicable √ Not applicable
No such cases in the Reporting Period.Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement No.
1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable
No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation
√ Applicable □ Not applicable
Balance sheet 30 September 2021 31 December
Change (%) Main reason for change
items (RMB) 2020 (RMB)
Arrival of raised funds and increase in cash
Monetary assets 13875436474.05 5971212569.66 132.37%
proceeds from sale of goods
Decrease in accounts receivable of Anhui Gujing
Accounts
39089927.66 67933735.91 -42.46% Yunshang E-commerce Co. Ltd. from its
receivable
customers
Increase in prepayments for advertising and
Prepayments 200566434.11 55575543.21 260.89%
procurement
Other receivables 49668257.16 33451121.48 48.48% Increase in prepayment for marketing service
Construction in Increase in investments in the intelligent park
632355876.24279169201.60126.51%
progress project
Deferred income Increase in deductible temporary differences
147840011.4796972421.9552.46%
tax assets relating to accrued expenses
Short-term Short-term borrowings arising from the
92255166.3370665500.0030.55%
borrowings acquisition of Mingguang Distillery
Contract
2792760736.48 1206573886.26 131.46% Increase in orders
liabilities
Taxes and levies 734499523.61 349142692.10 110.37% Increase in sales revenue
Long-term
155144437.50 60117638.89 158.07% Increase in borrowings of Yellow Crane Tower
borrowings
Deferred income Increase in the valuation of acquired assets in a
195666409.76114821451.2470.41%
tax liabilities business combination
Income statement Q1-Q3 2020
Q1-Q3 2021 (RMB) Change (%) Main reason for change
items (RMB)
R&D expense 33094095.13 24415175.52 35.55% Increase in R&D investments
4Third Quarterly Report 2021
Other income 40087717.90 23491542.76 70.65% Increase in government grants related to income
Non-operating
52942882.45 36221004.38 46.17% Increase in penalty and compensation income
income
Non-operating
5831361.32 24806037.98 -76.49% Last year saw donations made in the pandemic
expense
Cash flow Q1-Q3 2020
Q1-Q3 2021 (RMB) Change (%) Main reason for change
statement items (RMB)
Net cash
generated
from/used in 3952672262.13 2579860186.58 53.21% Increase in cash proceeds from sale of goods
operating
activities
Subtotal of cash
generated from Cash proceeds from a designated placement of
5138157169.8170325500.007206.25%
financing shares
activities
II Shareholder Information
(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well
as Holdings of Top 10 Shareholders
Unit: share
Number of preference
Number of ordinary shareholders 27468 shareholders with resumed 0
voting rights (if any)
Top 10 shareholders
Name of Nature of Shareholding Restricted shares Shares in pledge marked or frozen
Total shares held
shareholder shareholder percentage held Status Shares
ANHUI GUJING
GROUP State-owned legal
51.34% 271404022 In pledge 114000000
COMPANY person
LIMITED
BANK OF
CHINA-CHINA
MERCHANTS
CHINA
SECURITIES Other 3.10% 16398323 1900000
LIQUOR INDEX
CLASSIFICATI
ON
SECURITIES
5Third Quarterly Report 2021
INVESTMENT
FUND
GAOLING Foreign legal
2.35%12446408
FUNDL.P. person
AGRICULTURA
L BANK OF
CHINA － E
FUND
CONSUMPTION
Other 2.03% 10722402 1000000
SECTOR
STOCK
SECURITIES
INVESTMENT
FUND
INDUSTRIAL
AND
COMMERCIAL
BANK OF
CHINA
LIMITED-
INVESCO
Other 1.89% 9999951
GREAT WALL
EMERGING
GROWTH
HYBRID
SECURITIES
INVESTMENT
FUND
CHINA
INTERNATION
AL CAPITAL
Foreign legal
CORPORATION 1.65% 8710452
person
HONG KONG
SECURITIES
LTD
UBS (LUX)
EQUITY FUND -
Foreign legal
CHINA 1.33% 7048161
person
OPPORTUNITY
(USD)
HONG KONG Foreign legal
1.05%5564705
SECURITIES person
6Third Quarterly Report 2021
CLEARING
COMPANY LTD.BANK OF
CHINA-
INVESCO
GREAT WALL
DINGYI Other 0.95% 4995403
HYBRID
SECURITIES
INVESTMENT
FUND (LOF)
GREENWOODS
Foreign legal
CHINA ALPHA 0.87% 4614326
person
MASTER FUND
Top 10 unrestricted shareholders
Shares by class
Name of shareholder Unrestricted ordinary shares held
Class Shares
ANHUI GUJING GROUP RMB-denominate
271404022271404022
COMPANY LIMITED d ordinary share
BANK OF CHINA-CHINA
MERCHANTS CHINA
RMB-denominate
SECURITIES LIQUOR INDEX 14498323 14498323
d ordinary share
CLASSIFICATION SECURITIES
INVESTMENT FUND
Domestically
GAOLING FUNDL.P. 12446408 listed foreign 12446408
share
INDUSTRIAL AND
COMMERCIAL BANK OF CHINA
LIMITED- INVESCO GREAT RMB-denominate
99999519999951
WALL EMERGING GROWTH d ordinary share
HYBRID SECURITIES
INVESTMENT FUND
AGRICULTURAL BANK OF
CHINA－E FUND
RMB-denominate
CONSUMPTION SECTOR STOCK 9722402 9722402
d ordinary share
SECURITIES INVESTMENT
FUND
CHINA INTERNATIONAL Domestically
CAPITAL CORPORATION HONG 8710452 listed foreign 8710452
KONG SECURITIES LTD share
7Third Quarterly Report 2021
Domestically
UBS (LUX) EQUITY FUND -
7048161 listed foreign 7048161
CHINA OPPORTUNITY (USD)
share
HONG KONG SECURITIES RMB-denominate
55647055564705
CLEARING COMPANY LTD. d ordinary share
BANK OF CHINA- INVESCO
GREAT WALL DINGYI HYBRID RMB-denominate
49954034995403
SECURITIES INVESTMENT d ordinary share
FUND (LOF)
Domestically
GREENWOODS CHINA ALPHA
4614326 listed foreign 4614326
MASTER FUND
share
Among the shareholders above the Company’s controlling shareholder—Anhui Gujing
Group Company Limited—is not a related party of other shareholders; nor are they parties
acting in concert as defined in the Administrative Measures on Information Disclosure of
Related or acting-in-concert parties
Changes in Shareholding of Listed Companies. As for the other shareholders the Company
among the shareholders above
does not know whether they are related parties or whether they belong to parties acting in
concert as defined in the Administrative Measures on Information Disclosure of Changes in
Shareholding of Listed Companies.Top 10 shareholders engaged in
N/A
securities margin trading (if any)
(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them
□ Applicable √ Not applicable
III Other Significant Events
√ Applicable □ Not applicable
Approved by the China Securities Regulatory Commission under CSRC Permit [2021] No. 1422 the Company issued
RMB25000000 ordinary shares (A shares) to specific targets on 23 June 2021 at an issuing price of RMB200.00 per share raising
total proceeds of RMB5000000000.00. After deducting the expenses related to the issue of RMB45657925.15 (excluding VAT)
the actual net proceeds raised were RMB4954342074.85. RSM (special ordinary partnership) has audited the availability of the
funds raised from the non-public offering of shares of the Company on 29 June 2021 and issued Capital Verification Report R.C.Y.Z
[2021] No. 518Z0050. The above shares were registered with the Shenzhen Branch of CSDC on 12 July 2021 and listed on the
Shenzhen Stock Exchange on 22 July 2021.
8Third Quarterly Report 2021
IV Quarterly Financial Statements
(I) Financial Statements
1. Consolidated Balance Sheet
Unit: RMB
Item 30 September 2021 31 December 2020
Current assets:
Monetary assets 13875436474.05 5971212569.66
Settlement reserve
Loans to other banks and financial
institutions
Held-for-trading financial assets 215308026.65 203877915.51
Derivative financial assets
Notes receivable
Accounts receivable 39089927.66 67933735.91
Receivables financing 1734068755.94 1673510794.51
Prepayments 200566434.11 55575543.21
Premiums receivable
Reinsurance receivables
Receivable reinsurance contract
reserve
Other receivables 49668257.16 33451121.48
Including: Interest receivable
Dividends receivable
Financial assets purchased under
resale agreements
Inventories 4288706536.45 3416880808.96
Contract assets
Assets held for sale
Current portion of non-current assets
Other current assets 105363247.68 97412681.26
Total current assets 20508207659.70 11519855170.50
Non-current assets:
Loans and advances to customers
Debt investments
9Third Quarterly Report 2021
Other debt investments
Long-term receivables
Long-term equity investments 5059284.53 4915575.83
Investments in other equity
55435209.700.00
instruments
Other non-current financial assets
Investment property 4155086.68 4392943.54
Fixed assets 1809287766.00 1797789271.62
Construction in progress 632355876.24 279169201.60
Productive living assets
Oil and gas assets
Right-of-use assets 46570414.12 0.00
Intangible assets 1066136943.29 934711977.79
Development costs
Goodwill 561364385.01 478283495.29
Long-term prepaid expense 58799375.56 64591933.65
Deferred income tax assets 147840011.47 96972421.95
Other non-current assets 2015800.00 5943717.02
Total non-current assets 4389020152.60 3666770538.29
Total assets 24897227812.30 15186625708.79
Current liabilities:
Short-term borrowings 92255166.33 70665500.00
Borrowings from the central bank
Loans from other banks and financial
institutions
Held-for-trading financial liabilities
Derivative financial liabilities
Notes payable 90004336.16 140614535.60
Accounts payable 575595861.93 505206561.86
Advances from customers
Contract liabilities 2792760736.48 1206573886.26
Financial assets sold under
repurchase agreements
Customer deposits and deposits from
other banks and financial institutions
Payables for acting trading of
10Third Quarterly Report 2021
securities
Payables for underwriting of
securities
Employee benefits payable 483014198.13 498129114.76
Taxes and levies payable 734499523.61 349142692.10
Other payables 1903171249.45 1396599161.14
Including: Interest payable
Dividends payable
Fees and commissions payable
Reinsurance payables
Liabilities directly associated with
assets held for sale
Current portion of non-current
liabilities
Other current liabilities 826619080.89 320792383.03
Total current liabilities 7497920152.98 4487723834.75
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 155144437.50 60117638.89
Bonds payable
Including: Preference shares
Perpetual bonds
Lease liabilities 43371048.45 0.00
Long-term payables
Long-term employee benefits
payable
Provisions
Deferred income 94231513.22 75111997.53
Deferred income tax liabilities 195666409.76 114821451.24
Other non-current liabilities
Total non-current liabilities 488413408.93 250051087.66
Total liabilities 7986333561.91 4737774922.41
Owners’ equity:
Share capital 528600000.00 503600000.00
Other equity instruments
Including: Preference shares
11Third Quarterly Report 2021
Perpetual bonds
Capital reserves 6224747667.10 1295405592.25
Less: Treasury stock
Other comprehensive income 713930.35 0.00
Specific reserve
Surplus reserves 256902260.27 256902260.27
General reserve
Retained earnings 9200912548.95 7987380161.21
Total equity attributable to owners of
16211876406.6710043288013.73
the Company as the parent
Non-controlling interests 699017843.72 405562772.65
Total owners’ equity 16910894250.39 10448850786.38
Total liabilities and owners’ equity 24897227812.30 15186625708.79
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
2. Consolidated Income Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
1. Revenues 10102272382.54 8069420987.05
Including: Operating revenue 10102272382.54 8069420987.05
Interest income
Insurance premium income
Fee and commission
income
2. Costs and expenses 7482458725.55 6048515730.11
Including: Cost of sales 2419835477.14 1938077825.09
Interest expense
Fee and commission
expense
Surrenders
Net insurance claims paid
Net amount provided as
insurance contract reserve
Expenditure on policy
12Third Quarterly Report 2021
dividends
Reinsurance premium
expense
Taxes and levies 1522415676.18 1290465095.80
Selling expense 2903172050.97 2366972926.92
Administrative expense 747389656.18 567702216.75
Development costs 33094095.13 24415175.52
Finance costs -143448230.05 -139117509.97
Including: Interest
6694359.9331518587.66
expense
Interest
149666958.87170768434.29
income
Add: Other income 40087717.90 23491542.76
Return on investment (“-” for loss) -17000830.67 18463230.02
Including: Share of profit or loss
143708.70-76927.61
of joint ventures and associates
Income from the
derecognition of financial assets at
amortized cost (“-” for loss)
Exchange gain (“-” for loss)
Net gain on exposure hedges (“-”
for loss)
Gain on changes in fair value (“-”
11430111.14-1981950.58
for loss)
Credit impairment loss (“-” for
1968827.69-315641.04
loss)
Asset impairment loss (“-” for loss) 2464519.26 -5693185.77
Asset disposal income (“-” for
1013535.46730090.21
loss)
3. Operating profit (“-” for loss) 2659777537.77 2055599342.54
Add: Non-operating income 52942882.45 36221004.38
Less: Non-operating expense 5831361.32 24806037.98
4. Gross profit (“-” for loss) 2706889058.90 2067014308.94
Less: Income tax expense 678416189.86 534449002.12
5. Net profit (“-” for net loss) 2028472869.04 1532565306.82
5.1 By operating continuity
5.1.1 Net profit from continuing
2028472869.041532565306.82
operations (“-” for net loss)
13Third Quarterly Report 2021
5.1.2 Net profit from discontinued
operations (“-” for net loss)
5.2 By ownership
5.2.1 Net profit attributable to
1968932387.741537681004.06
owners of the Company as the parent
5.2.2 Net profit attributable to
59540481.30-5115697.24
non-controlling interests
6. Other comprehensive income net of
1189883.920.00
tax
Attributable to owners of the Company
713930.350.00
as the parent
6.1 Items that will not be
713930.350.00
reclassified to profit or loss
6.1.1 Changes caused by
remeasurements on defined benefit
schemes
6.1.2 Other comprehensive
income that will not be reclassified to
profit or loss under the equity method
6.1.3 Changes in the fair value of
713930.350.00
investments in other equity instruments
6.1.4 Changes in the fair value
arising from changes in own credit risk
6.1.5 Other
6.2 Items that will be reclassified to
profit or loss
6.2.1 Other comprehensive
income that will be reclassified to profit
or loss under the equity method
6.2.2 Changes in the fair value of
other debt investments
6.2.3 Other comprehensive
income arising from the reclassification
of financial assets
6.2.4 Credit impairment
allowance for other debt investments
6.2.5 Reserve for cash flow
hedges
6.2.6 Differences arising from the
translation of foreign
currency-denominated financial
statements
6.2.7 Other
14Third Quarterly Report 2021
Attributable to non-controlling
475953.570.00
interests
7. Total comprehensive income 2029662752.96 1532565306.82
Attributable to owners of the Company
1969646318.091537681004.06
as the parent
Attributable to non-controlling
60016434.87-5115697.24
interests
8. Earnings per share
8.1 Basic earnings per share 3.85 3.05
8.2 Diluted earnings per share 3.85 3.05
Legal representative: Liang Jinhui The Company’s chief accountant: Zhu Jiafeng
Head of the Company’s financial department: Zhu Jiafeng
3. Consolidated Cash Flow Statement for Q1~Q3
Unit: RMB
Item Q1~Q3 2021 Q1~Q3 2020
1. Cash flows from operating activities:
Proceeds from sale of commodities
11907897641.678647831451.67
and rendering of services
Net increase in customer deposits and
deposits from other banks and financial
institutions
Net increase in borrowings from the
central bank
Net increase in loans from other
financial institutions
Premiums received on original
insurance contracts
Net proceeds from reinsurance
Net increase in deposits and
investments of policy holders
Interest fees and commissions
received
Net increase in loans from other
banks and financial institutions
Net increase in proceeds from
repurchase transactions
Net proceeds from acting trading of
securities
15Third Quarterly Report 2021
Tax and levy rebates 4051124.97 3381080.29
Cash generated from other operating
3610815913.862308969284.28
activities
Subtotal of cash generated from
15522764680.5010960181816.24
operating activities
Payments for commodities and
1816278619.781792820288.01
services
Net increase in loans and advances to
customers
Net increase in deposits in the central
bank and other banks and financial
institutions
Payments for claims on original
insurance contracts
Net increase in loans to other banks
and financial institutions
Interest fees and commissions paid
Policy dividends paid
Cash paid to and for employees 2033419180.70 1893631550.54
Taxes and levies paid 2893034927.30 2454548768.00
Cash used in other operating
4827359690.592239321023.11
activities
Subtotal of cash used in operating
11570092418.378380321629.66
activities
Net cash generated from/used in
3952672262.132579860186.58
operating activities
2. Cash flows from investing activities:
Proceeds from disinvestment 406849809.53 319970000.00
Return on investment 1258650.24 18539603.54
Net proceeds from the disposal of
fixed assets intangible assets and other 1583399.30 1932156.95
long-lived assets
Net proceeds from the disposal of
subsidiaries and other business units
Cash generated from other investing
activities
Subtotal of cash generated from
409691859.07340441760.49
investing activities
Payments for the acquisition of fixed
assets intangible assets and other 417254078.37 402634821.93
long-lived assets
16Third Quarterly Report 2021
Payments for investments 444897000.00 64798000.00
Net increase in pledged loans granted
Net payments for the acquisition of
65123508.250.00
subsidiaries and other business units
Cash used in other investing
6700000000.000.00
activities
Subtotal of cash used in investing
7627274586.62467432821.93
activities
Net cash generated from/used in
-7217582727.55-126991061.44
investing activities
3. Cash flows from financing activities:
Capital contributions received 4962827169.81 0.00
Including: Capital contributions by
5280000.000.00
non-controlling interests to subsidiaries
Borrowings received 175330000.00 70325500.00
Cash generated from other financing
activities
Subtotal of cash generated from
5138157169.8170325500.00
financing activities
Repayment of borrowings 261137703.59 0.00
Interest and dividends paid 760762724.42 823969175.61
Including: Dividends paid by
0.0068058219.79
subsidiaries to non-controlling interests
Cash used in other financing
16728887.780.00
activities
Subtotal of cash used in financing
1038629315.79823969175.61
activities
Net cash generated from/used in
4099527854.02-753643675.61
financing activities
4. Effect of foreign exchange rates
changes on cash and cash equivalents
5. Net increase in cash and cash
834617388.601699225449.53
equivalents
Add: Cash and cash equivalents
5636903693.742944749918.09
beginning of the period
6. Cash and cash equivalents end of the
6471521082.344643975367.62
period
17Third Quarterly Report 2021
(II) Adjustments to the Financial Statements
1. Adjustments to the Financial Statements at the Beginning of the First Execution Year (2021) of the New
Accounting Standards Governing Leases
√ Applicable □ Not applicable
Whether the Company needs to adjust items in balance sheet at the beginning of the year
√ Yes □ No
Consolidated Balance Sheet
Unit: RMB
Item 31 December 2020 1 January 2021 Adjusted
Current assets:
Monetary assets 5971212569.66 5971212569.66
Settlement reserve
Loans to other banks and
financial institutions
Held-for-trading financial
203877915.51203877915.51
assets
Derivative financial assets
Notes receivable
Accounts receivable 67933735.91 67933735.91
Receivables financing 1673510794.51 1673510794.51
Prepayments 55575543.21 51399808.11 -4175735.10
Premiums receivable
Reinsurance receivables
Receivable reinsurance
contract reserve
Other receivables 33451121.48 33451121.48
Including: Interest
receivable
Dividends
receivable
Financial assets purchased
under resale agreements
Inventories 3416880808.96 3416880808.96
Contract assets
Assets held for sale
Current portion of
non-current assets
18Third Quarterly Report 2021
Other current assets 97412681.26 97412681.26
Total current assets 11519855170.50 11515679435.40 -4175735.10
Non-current assets:
Loans and advances to
customers
Debt investments
Other debt investments
Long-term receivables
Long-term equity
4915575.834915575.83
investments
Investments in other equity
instruments
Other non-current financial
assets
Investment property 4392943.54 4392943.54
Fixed assets 1797789271.62 1797789271.62
Construction in progress 279169201.60 279169201.60
Productive living assets
Oil and gas assets
Right-of-use assets 0.00 57402412.53 57402412.53
Intangible assets 934711977.79 934711977.79
Development costs
Goodwill 478283495.29 478283495.29
Long-term prepaid
64591933.6564591933.65
expense
Deferred income tax assets 96972421.95 96972421.95
Other non-current assets 5943717.02 5943717.02
Total non-current assets 3666770538.29 3724172950.82 57402412.53
Total assets 15186625708.79 15239852386.22 53226677.43
Current liabilities:
Short-term borrowings 70665500.00 70665500.00
Borrowings from the
central bank
Loans from other banks
and financial institutions
Held-for-trading financial
liabilities
19Third Quarterly Report 2021
Derivative financial
liabilities
Notes payable 140614535.60 140614535.60
Accounts payable 505206561.86 505206561.86
Advances from customers
Contract liabilities 1206573886.26 1206573886.26
Financial assets sold under
repurchase agreements
Customer deposits and
deposits from other banks
and financial institutions
Payables for acting trading
of securities
Payables for underwriting
of securities
Employee benefits payable 498129114.76 498129114.76
Taxes and levies payable 349142692.10 349142692.10
Other payables 1396599161.14 1396599161.14
Including: Interest
payable
Dividends
payable
Fees and commissions
payable
Reinsurance payables
Liabilities directly
associated with assets held
for sale
Current portion of
non-current liabilities
Other current liabilities 320792383.03 320792383.03
Total current liabilities 4487723834.75 4487723834.75
Non-current liabilities:
Insurance contract reserve
Long-term borrowings 60117638.89 60117638.89
Bonds payable
Including: Preference
shares
Perpetual
20Third Quarterly Report 2021
bonds
Lease liabilities 0.00 53226677.43 53226677.43
Long-term payables
Long-term employee
benefits payable
Provisions
Deferred income 75111997.53 75111997.53
Deferred income tax
114821451.24114821451.24
liabilities
Other non-current
liabilities
Total non-current liabilities 250051087.66 303277765.09 53226677.43
Total liabilities 4737774922.41 4791001599.84 53226677.43
Owners’ equity:
Share capital 503600000.00 503600000.00
Other equity instruments
Including: Preference
shares
Perpetual
bonds
Capital reserves 1295405592.25 1295405592.25
Less: Treasury stock
Other comprehensive
income
Specific reserve
Surplus reserves 256902260.27 256902260.27
General reserve
Retained earnings 7987380161.21 7987380161.21
Total equity attributable to
owners of the Company as 10043288013.73 10043288013.73
the parent
Non-controlling interests 405562772.65 405562772.65
Total owners’ equity 10448850786.38 10448850786.38
Total liabilities and owners’
15186625708.7915239852386.2253226677.43
equity
Note
The Ministry of Finance issued the Accounting Standard for Business Enterprises No. 21 - Leases (C.K. [2018] No. 35) in 2018 and
the Company implemented the new leasing standard since 1 January 2021 and adjusted the amounts of relevant items in the financial
statements at the beginning of the year of first implementation based on the cumulative effect of the first implementation of the new
21Third Quarterly Report 2021
leasing standard without adjusting the information of the comparable period. The above policy change increased right-of-use assets
by RMB57402412.53 increased lease liabilities by RMB53226677.43 and decreased prepayments by RMB4175735.10.
2. Retrospective Adjustments to the Comparative Data of Prior Periods due to the First Execution in 2021
of the New Accounting Standards Governing Leases
□ Applicable √ Not applicable
(III) Independent Auditor’s Report
Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes √ No
These financial statements have not been audited by such an auditor.Anhui Gujing Distillery Company Limited
Board of Directors
30 October 2021
22
